Usually when I heard that a brand has been spun off into some other take on the franchise I cringe instinctively. That's not exactly fair, because some of my favorite games have been born in this way: Final Fantasy Tactics is an excellent game in it's own right, thought it leveraged the most potent brand in the universe. Heroes of Might and Magic itself was a spinoff, and you'd be a fool to hold that against it.
Dark Messiah of Might and Magic isn't something I knew a lot about before this 1up article, other than I thought the name was kind of overwrought. Go read it, and watch the video. Source engine? Genuinely intriguing first person melee? Rowrr.